In case you missed any of this week’s articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: U.S. may slap tariffs on all Chinese products Do markets still care what Trump tweets? The War on Ladies Who Drive You Home from the Hospital TROLL: Donald […]
Austrian Economics
Random Friday: debt servicing payments, Block in NYT, Venezuela solves hyperinflation
News Story of the Day: Interest rates are climbing, and the Federal Reserve will likely raise rates two more times this year. This means, borrowing will become a lot more expensive, both for you and the government. Just take a look at the bond market. The yield on the 10-year U.S. Treasury note is trading around […]
$12 billion bailout to farmers is Trump’s road to socialism
By: Tho Bishop Today the Trump administration is announcing a $12 billion bailout plan for farmers impacted by the response from the Trump administration’s tariffs. As Politico reports: The administration’s plan is expected to use two commodity support programs in the farm bill, as well as the Agriculture Department’s broad authority to stabilize the agricultural economy during times of […]
TROLL: Donald Trump defends tariffs as ‘the greatest’
Is President Donald Trump trolling the world again? That’s what it seems like with his newest tweet that defended the 18th century Mercantilist policy of tariffs. On Tuesday morning, President Trump proclaimed that the import penalties “are the greatest,” slamming nations that have treated the U.S. rather “unfairly” for many years. Here are his tweets: […]
The War on Ladies Who Drive You Home from the Hospital
By: Lee Friday For more than three years, 58-year old cancer survivor Ethel Tari had “been a regular at an outpatient clinic at St. Joseph’s Hospital, providing rides to and from the clinic to patients who aren’t allowed to drive after being sedated for procedures such as endoscopies and colonoscopies.” But the long arm of the […]